FLETA is a blockchain platform who develops a network called the FLETA Gateway network. DApps will be able to use a FLETA service chain. The FLETA service chain will be faster. It won’t only be faster, but it also will be cheaper. The main purpose of the network is to solve speeds and scalability-related problems.
FLETA will also create a system called the ePRO system using blockchain technology. The system will be created for the management of clinical data.
The blockchain platform FLETA will have the support of the Ministry of Science and ICT (MSIT) and the National IT Industry Promotion Agency (NIPA) for the development of the system. Enhancing the credibility and the accuracy of data management is a plan of the platform. The platform will use its own blockchain technology. This opportunity and a serviceable business model can be used for the expedition of its business expansion. The serviceable business model belongs to FLETA.
With the support of a South Korea-based private Roman Catholic institution of higher education called the Catholic University of Korea and a representative medical institute of the Catholic Medical Center called Seoul St. Mary’s Hospital (SSMH), pilot tests will be carried out for the performance, marketability, and usability verifications related to the system.
FLETA is based on a few technologies and a consensus algorithm called PoF (Proof-of-Formulation). Independent multi-chain Structure, Block Redesign, Level Tree, and Parallel Sharding are the technologies. Speeding up the mass adoption of the blockchain is an aim of FLETA, PR Newswire reported.
The blockchain platform FLETA was set up in the year 2018. It is headquartered in Singapore. Resolving issues related to the current blockchain-based platforms is a purpose of the platform. Creating an ecosystem called sustainable blockchain ecosystem is one more purpose, according to the official LinkedIn account of FLETA.
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